PT Barito Pacific (BRPT) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached US$2.57 billion, a significant increase from US$773.7 million in Q1 2025, driven by strong petrochemical and energy sales.

• Net profit for the period was US$270.8 million, up from US$29.5 million in Q1 2025, with EPS at US$0.00097.

• Major acquisitions included ExxonMobil Singapore's fuel retail operations and Aster Polymer Solutions, both contributing to business expansion.

• The group declared force majeure in its petrochemical division in March 2026 due to Middle East supply disruptions, but operations remain stable.

Financial highlights

• Gross profit for Q1 2026 was US$579.2 million, with a gross margin of 22.5%.

• Operating income reached US$376.4 million, up from US$70.7 million in Q1 2025.

• Finance costs increased to US$126.2 million, reflecting higher debt levels.

• Total assets as of March 31, 2026 were US$17.62 billion, with equity of US$6.31 billion.

• Cash and cash equivalents stood at US$3.11 billion, up from US$3.01 billion at year-end 2025.

Outlook and guidance

• Management continues to monitor global supply chain and geopolitical risks, with contingency plans in place for the petrochemical division.

• The group expects continued growth from recent acquisitions and ongoing capital projects, with a focus on operational resilience.